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ESCM
Echo Street Capital Management Portfolio holdings
AUM
$747M
1-Year Est. Return
24.25%
This Fund
S&P 500
This Quarter
Est. Return
-4.72%
1 Year Est. Return
+24.25%
3 Year Est. Return
+17.69%
5 Year Est. Return
+119.95%
10 Year Est. Return
+163.01%
AUM
$10.7B
AUM Growth
-$938M
(-8%)
Cap. Flow
-$367M
Cap. Flow
% of AUM
-3.42%
Top 10 Holdings %
Top 10 Hldgs %
37.45%
Holding
607
New
163
Increased
142
Reduced
139
Closed
157
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$186M |
| 2 |
Cadence Design Systems
CDNS
|
+$127M |
| 3 |
Microsoft
MSFT
|
+$122M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$118M |
| 5 |
Lennar Class A
LEN
|
+$98.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MRSH
Marsh
MRSH
|
+$152M |
| 2 |
AppFolio
APPF
|
+$137M |
| 3 |
S&P Global
SPGI
|
+$133M |
| 4 |
VeriSign
VRSN
|
+$108M |
| 5 |
Revvity
RVTY
|
+$106M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.05% |
| 2 | Financials | 17.01% |
| 3 | Healthcare | 12.37% |
| 4 | Real Estate | 9.61% |
| 5 | Industrials | 4.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Air Products & Chemicals
APD
$68.7B
| $1.21M | 0.01% |
4,287
+452
| +12% | +$133K |
|
127
Boeing
BA
$184B
| $1.18M | 0.01% |
6,177
+2,534
| +70% | +$554K |
|
128
Ecolab
ECL
$79.8B
| $1.17M | 0.01% |
+6,925
| New | +$1.26M |
|
129
Royalty Pharma
RPRX
$25.9B
| $1.15M | 0.01% |
42,317
+20,628
| +95% | +$613K |
|
130
Antero Resources
AR
$11.6B
| $1.14M | 0.01% |
+44,838
| New | +$1.16M |
|
131
Nutanix
NTNX
$17.4B
| $1.1M | 0.01% |
31,594
-18,650
| -37% | -$585K |
|
132
Avis
CAR
$4.98B
| $1.07M | 0.01% |
5,979
+3,596
| +151% | +$779K |
|
133
HCA Healthcare
HCA
$89.1B
| $1.06M | 0.01% |
4,325
+2,076
| +92% | +$568K |
|
134
Republic Services
RSG
$66.2B
| $1.06M | 0.01% |
+7,419
| New | +$1.1M |
|
135
Align Technology
ALGN
$12.3B
| $1.05M | 0.01% |
+3,448
| New | +$1.19M |
|
136
Pentair
PNR
$10.7B
| $1.05M | 0.01% |
16,202
+2,825
| +21% | +$190K |
|
137
Amazon
AMZN
$2.94T
| $1.04M | 0.01% |
+8,194
| New | +$1.1M |
|
138
RTX Corp
RTX
$302B
| $1.04M | 0.01% |
14,450
+6,616
| +84% | +$567K |
|
139
Nasdaq
NDAQ
$53.3B
| $1.04M | 0.01% |
21,333
-64,146
| -75% | -$3.25M |
|
140
Mondelez International
MDLZ
$78.6B
| $1.04M | 0.01% |
14,919
+3,612
| +32% | +$260K |
|
|
WCN
141
Waste Connections
WCN
$42.1B
| $1.02M | 0.01% |
7,622
+5,128
| +206% | +$717K |
|
142
Vanguard Morningstar Growth ETF
VUG
$228B
| $1.01M | 0.01% |
22,242
| – | – |
|
143
General Motors
GM
$78.3B
| $995K | 0.01% |
30,187
+22,483
| +292% | +$799K |
|
|
SWAV
144
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $969K | 0.01% |
4,867
+509
| +12% | +$120K |
|
145
Under Armour
UAA
$2.31B
| $964K | 0.01% |
140,706
+40,359
| +40% | +$304K |
|
146
TransUnion
TRU
$15.4B
| $962K | 0.01% |
+13,398
| New | +$1.05M |
|
147
Equifax
EFX
$21.3B
| $960K | 0.01% |
+5,243
| New | +$1.07M |
|
148
American Express
AXP
$230B
| $955K | 0.01% |
+6,398
| New | +$1.05M |
|
149
Brown & Brown
BRO
$24B
| $945K | 0.01% |
+13,530
| New | +$965K |
|
150
DexCom
DXCM
$33.6B
| $934K | 0.01% |
+10,008
| New | +$1.13M |
|
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Echo Street Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Echo Street Capital Management held 607 positions worth $10.7B, down 8% from $11.7B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Echo Street Capital Management withdrew a net $367M in Q3 2023, closing 157 positions and reducing 139 holdings. Its most notable exit was Revvity, an estimated $106M position sold in full.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 37% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Echo Street Capital Management opened a new position in American Tower worth $53.2M.
- Echo Street Capital Management's largest Q3 2023 buy was American Tower: 323,755 shares worth $53.2M.
- Echo Street Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $186M increase.
- Echo Street Capital Management's biggest Q3 2023 reduction was Marsh, cutting an estimated $152M.
- Echo Street Capital Management fully exited Revvity in Q3 2023, selling an estimated $106M.
- Echo Street Capital Management's ten largest holdings make up 37% of its $10.7B portfolio in Q3 2023.
- Echo Street Capital Management opened 163 new positions and closed 157 in Q3 2023.
- Echo Street Capital Management's portfolio value fell 8% quarter-over-quarter to $10.7B.
Based on Echo Street Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.